Select Page

7 Economic Fundamentals | Inequality Media

Former Labor Secretary Robert Reich explains seven economic fundamentals.

  1. Workers are consumers
  2. Consumer spending = 70% of economic activity
  3. Wealthy spend smaller percent of their income
  4. Concentrated wealth = not enough purchasing power
  5. Sufficient demand requires the middle class and poor
  6. Policies to help working families
  7. Wealthy do better in a growing economy

About The Author

JoAnn Chateau

JoAnn Chateau likes progressive politics and loves the canines. She writes fiction about an alpha Bichon named Chester, and his friends--with a dash of humor and a dab of poli-sci. JoAnn worked professionally in the Psychology and Information Science fields. Retired now, she enjoys the creative life.


  1. smilecalm

    the less we spend
    the less power
    they have 🙂

    • Rosaliene Bacchus

      And the more they devise ways of taking the little we have.

      • smilecalm

        they can have it all,
        my empire of dirt!
        but they’ll never
        wipe this smile
        from my face 🙂

    • JoAnn Chateau

      That’s right! 🙂




Shares, Comments & Awards

It’s always delightful to see that someone has shared one of my posts on their social networks. Thank you. I will try to return the favor. ♥

Please feel free to leave honest, constructive comments, or witty remarks. Your thoughts and feelings are important feedback to myself and other readers. ♥

This blog is award-free (unless a cash prize is involved). 😊 Still, thanks for thinking of me! ♥


Copyright © 2013-17 • All Rights Reserved •

%d bloggers like this: